Gold rises on weaker dollar, rising Middle East tensions


Gold prices rose on Thursday, bolstered by rising tensions in the Middle East and a weaker dollar, while softer-than-expected U.S. inflation data boosted expectations of Federal Reserve rate cuts.

Spot gold was up 0.6% at $3,372.46 an ounce, as of 0202 GMT. U.S. gold futures gained 1.5% to $3,393.

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